UK cpi forecast down

Funny how those ultra low rates never do seem to generate inflation as many fear… *BOE SAYS NEAR-TERM CPI OUTLOOK HIGHER ON POUND, OIL PRICE *BOE CONSTANT-RATE FORECAST SHOW INFLATION BELOW 2% IN 2 YEARS *BOE SAYS DOWNSIDE U.K. GROWTH RISKS HAVE `INCREASED SOMEWHAT’ *BOE FORECASTS BASED ON RATE AT 0.6% END 2010, 1.7% END 2011 *BOE SAYS U.K. BUDGET [...]